OUTDOOR TOYS MARKET REPORT OVERVIEW
The global outdoor toys market size expanded rapidly XX in 2023 and the market is projected to grow substantially XX by 2032, exhibiting a prodigious CAGR XX during the forecast period.
It is a type of toy developed and manufactured to be played with in the outside environment with an emphasis on social, creative, and physical entertaining plays for children. These toys range from playhouses, trampolines, climbing frames, and the rest; the minimal toys include balls, kites, and the lot. They are sometimes manufactured from sturdy fabrics and can therefore accommodate different climatic conditions and hectic usage of the equipment. Such as the water play sets, sand pits, swing sets, and ride-on toys; they all offer the children different forms of play and developmental aspects.
As parents become more conscious about their children’s mental and physical health by engaging them in outside play, the market for outdoor toys tends to be saturated and grow continuously. Marketing’s prevailing shifts indicate the extended customer buying tendencies towards creative and environmentally friendly products with more attention to the design and quality of the material. Weather also affects the market, more people will opt for a car rental during the summer, and festive seasons. Today’s leaders in this industry are constantly integrating smart and engaging aspects into their products that students and young adults with technical experiences would value but maintaining the core value of outdoor products.
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COVID-19 Impact: Market Growth Increased by Pandemic due to Parent’s Desire to Create Play Setting at Home
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The market for out-of-door toys noticed a sharp growth in call for because of the COVID-19 epidemic, as families searched for strategies to hold their kids occupied and engaged in the course of lockdowns and social distancing protocols. Parents have been investing more in outside playsets, trampolines, and journey-on toys to create exciting play settings at home due to the closure of public playgrounds and entertainment facilities. Due to this change in consumer conduct, the marketplace for outside toys noticed an increase and income growth as well as a growth within the wide variety of revolutionary products supplied to meet the growing need for outdoor amusement that might be loved interior.
LATEST TRENDS
"Popularity of Eco-Friendly Product leads the Market Expansion"
The newest development happening in the outdoor toy market is the development of organic and environment-friendly toys. Due to the growing consumer awareness about product’s impact on the planet, the emphasis is being placed on the production of toys from recycled items, biodegradable polymers, and environmentally friendly wood. In addition, the technology aspect of outdoor play is equally advanced with the incorporation of things like AR games and toys that interconnect the virtual and the real world. As a result of this impressive blend of technology and sustainability, modern, environmentally mindful families are finding outdoor toys to be more appealing.
OUTDOOR TOYS MARKET SEGMENTATION
By Type
Based on type the market is classified as Outdoor Playset, Ride-on Toys/ Vehicles, Water Toys & Pool Floats, Trampolines, and Others.
- Outdoor Playset: In gardens or backyards, children can enjoy recreational play with structures like swings, slides, and climbing frames.
- Ride-on toys/vehicles: Children can ride toys and vehicles, which are small-scale replicas of cars, bikes, and scooters often propelled by electric motors, pushing, or pedaling.
- Water Toys & Pool Floats: Made for enjoyment and play in pools or other bodies of water, water toys and pool floats include inflatable rafts, water pistols, and pool noodles.
- Trampolines: Trampolines are spring-based platforms that provide a bouncing surface and enjoyable and recreational exercise for kids and adults alike.
By Application
Based on application the market is classified 0-1 Baby, 1-3 Toddler, 3-5 Pre-schooler, and 5+ Kid.
- Baby: Toys in this category are made to encourage the development of fundamental motor skills and sensory perception. They frequently have soft materials, vibrant colors, and straightforward interactive features.
- 1-3 Toddler: Toys for toddlers (ages 1-3) include ride-on, push toys, and tiny playsets that are designed to improve early walking, coordination, and fundamental cognitive abilities.
- 3-5 Preschooler: Playhouses, tricycles, and themed playsets are among the toys designed to encourage imaginative play and the development of social skills in preschoolers.
- 5+ Kid: Bicycles, larger outdoor play structures, and sporting equipment are examples of toys meant for children five years old and up that encourage more complicated physical activity and inventiveness.
DRIVING FACTORS
"Growing Focus on Outdoor Physical Activity Lead to Market Growth"
Increased consciousness of opportunities for outside workouts and physical activities to enhance the kid’s improvement and well-being is one of the most enormous elements stimulating the demand for these toys. As the concern over weight problems and state of being inactive amongst children increases it is therefore less difficult for dad and mom or figure caregivers to encourage outside play. Some toys encompass playsets, journey-on motors, and trampolines, and assist the kid to be entertained thus having a laugh, studying motor abilities, and constructing on-frame energy and well-being. People are paying greater attention to outdoor toys as clients are conscious of and involved approximately bodily health.
"Technological Advancements and Product Innovation Lead to Market Growth"
The out-of-door toy enterprise's constant innovation and technical developments are another essential motivator. To pique the interest of parents and youngsters, manufacturers continuously create modern and captivating objects that combine the newest trends and technologies. Toys have become more popular and easily available due to the fact to improvements like solar-powered trip-on motors, interactive playsets with clever functions, and lengthy-lasting, environmentally friendly materials. The industry is developing due to those innovations, which improve playtime whilst still adhering to changing safety and environmental regulations
RESTRAINING FACTORS
"Safety Cocerns Impede Market Growth"
Safety worries are the primary detail that is restricting the outdoor toys market growth. The viable risks of the use of outdoor play systems, like falls, accidents, and exposure to dangerous materials, are making dads moms, and caregivers greater cautious. Due to the stern safety requirements and policies that manufacturers have to follow due to this accelerated awareness, manufacturing charges may also upward thrust, and product innovation may be confined. Furthermore, unfavorable press attributable to mishaps or recollects can profoundly affect client confidence and shopping intentions, thus impeding marketplace expansion.
OUTDOOR TOYS MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.